Accounting Today

DECEMBER 5, 2023

The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.

Tax 117

Tax 117

TaxConnex

DECEMBER 5, 2023

Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Ecommerce can involve many different types of memberships, often offering access to discounts or other benefits perceived as exclusive. Gym and fitness chains and warehouse retailers, for example, use the internet to sell memberships to their franchised businesses all over the country.

South Carolina 204

South Carolina Sales Tax West Virginia 204

Airbase

DECEMBER 5, 2023

Business expense reports play a pivotal role in shaping the fiscal health and success of an enterprise. This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. As businesses navigate the complexities of modern finance, the role of expense reports is an integral component essential to informed decision-making and sustainable growth.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

Going Concern

DECEMBER 5, 2023

This explains so much. Researchers at the University of Bath have found that excessive optimism is actually associated with lower cognitive skills such as verbal fluency, fluid reasoning, numerical reasoning, and memory. People with higher cognitive ability (aka smarties) tend to be both more realistic and pessimistic in their expectations about the future.

Account 113

Account accountant accounted 113

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Canopy Accounting

DECEMBER 5, 2023

We’ve given you Halloween costume ideas and now you’ve come to us for another equally important fashion decision: an ugly Christmas sweater for any accountants in your life, including yourself. If your office is throwing a holiday work party (which, you totally should—it’s a great way to boost morale) then you’re going to need an outfit that will wow your colleagues and say “I’m an accountant, I’m festive, and I’m here to have fun!

Account 105

Account accountant accounted 105

Cherry Bekaert

DECEMBER 5, 2023

In this episode of Cherry Bekaert’s GovCon Podcast series on the Small Business Administration’s (SBA) 8(a) Business Development Program, Brynn McNeil and Craig Hunter , assurance partners in Cherry Bekaert’s Government Contracting Industry practice, discuss accounting best practices for 8(a) companies. Listen to find out about: Setting up an accounting system to segregate costs Chart of Accounts Indirect rates Reporting functionality for: Contract revenue summary by contract Showing cumula

Account 97

Account accountant accounted accounting system 97

Accounting Today

DECEMBER 5, 2023

In the current business landscape, small- and medium-sized practices face an array of challenges, including operational complexities, competitive markets and ever-evolving regulations.

95

95

Insightful Accountant

DECEMBER 5, 2023

The Accruer App uniquely solves QuickBooks accruals and automates prepaid expenses, deferred revenues and fixed assets directly in QuickBooks Online.

quickbooks 95

quickbooks 95

Accounting Today

DECEMBER 5, 2023

A case over repatriated earnings might open up the possibility of taxing unrealized gains.

Tax 119

Tax 119

AccountingDepartment

DECEMBER 5, 2023

In the fast-paced world of business, understanding the reasons behind changes in financial data is crucial for making informed decisions. That's where variance analysis comes in. Also known as flux analysis, this powerful tool compares two sets of data, revealing the quantitative difference between them and shedding light on the underlying factors behind the change.

NetSuite 79

NetSuite Technology Account accountant 79

Advertiser: Paycor

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Accounting Today

DECEMBER 5, 2023

The new wealth management business opens with help from Integrated Partners as more RIAs and accountants follow the trails blazed by many dual practitioners.

Tax 86

Tax Account accountant accounted 86

Insightful Accountant

DECEMBER 5, 2023

Online time tracking software offers a multitude of advantages that can transform how accountants manage their vendors and contractors.

account management 89

account management accounting manager Account accountant 89

Accounting Today

DECEMBER 5, 2023

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Tax 68

Tax tax planning corporation tax 68

Withum

DECEMBER 5, 2023

The following was written by a friend, Allen Appel, and posted in his community publication. I found this very interesting and realistically true and it is posted here with his permission. I hope you enjoy it as much as I did. This is the fourth blog with Allen’s satires that are barely exaggerated. Stuff By Allen Appel Early man didn’t have a lot of stuff lying around his cave – maybe a spear, a flint knife to cut his meat, and possibly an extra loincloth in case his everyday one ne

tax return 59

tax return Sports Tax financial statements 59

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Accounting Today

DECEMBER 5, 2023

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

Account 66

Account accountant accounted 66

Going Concern

DECEMBER 5, 2023

In April of this year, practically moments after the Project Everest split was deemed unfeasible due to infighting and too many loose ends, the King’s EY boldly warned staff to expect some cuts. After all, just thinking about Everest had cost the firm $500 million (or $600 million, depending who you ask and depending what wacky accounting the firm tries to do to minimize the failure’s impact on partner payouts ) and along with EY US, the UK arm was one of its loudest cheerleaders rig

Legal 57

Legal Account accountant accounted 57

Accounting Today

DECEMBER 5, 2023

The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.

Tax 66

Tax 66

KROST

DECEMBER 5, 2023

In 2022, the California Employment Development Department (EDD) identified approximately 158,000 misclassified workers through audits and inspections. Since then, the EDD has continued to battle misclassification between employees and independent contractors, and employers can expect to see a spike in 1099 audits specifically. While there is no guidance to determine which businesses will be selected Read the full article.

California 81

California audit Account accountant 81

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

Accounting Today

DECEMBER 5, 2023

The most influential people in the field, as chosen by their peers.

public accounting 110

public accounting Account accountant accounted 110

CPA Practice

DECEMBER 5, 2023

IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance, and they have a message for taxpayers: Don’t get butchered. The scam is known as “pig butchering”—flirtatious strangers use social media to lure unsuspecting romantic partners, who serve as the “pigs,” to invest in crypto trading platforms.

Account 80

Account accountant accounted 80

Accounting Today

DECEMBER 5, 2023

The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.

payroll 68

payroll Account accountant accounted 68

inDinero Accounting

DECEMBER 5, 2023

The Qualified Small Business Exemption (QSBS exemption) can shield up to $10 million, and sometimes more, of stock appreciation from capital gains tax. The rules are complex but worth understanding; there are substantial tax savings to be had by claiming this rare exemption. C-Corp executives considering a primary stock offering can use them to incentivize investors to purchase a primary stock offering.

tax return 52

tax return Mississippi Wisconsin Tax 52

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

Insightful Accountant

DECEMBER 5, 2023

The second day of Future Forward is today. Gain a glimpse of what some of the most influential accounting professionals are saying will impact your practice as soon as next year. and yes, Murph will be presenting too.

Account 52

Account accountant accounted 52

Withum

DECEMBER 5, 2023

The world of digital assets and cryptocurrency has seen tremendous growth and innovation over the past decade, leading to an array of financial opportunities and complexities. As the adoption of digital assets continues to surge, the IRS and other regulatory bodies have been measured to provide clarity on the taxation of these assets. Crypto Abandonment and Tax Implications One topic that has garnered significant attention is the concept of abandoning digital assets such as cryptocurrency and ho

Tax 52

Tax Real Estate Legal Sales 52

Anders CPA

DECEMBER 5, 2023

Financial metrics are important for any business, but each industry has specific metrics they need to monitor. Which ones should cannabis businesses be on the lookout for? In this recorded Summit Virtual CFO by Anders webinar, you will discover how much cash a cannabis business should have in the bank, what a forecast is, why you need one, how metrics can serve as levers to increase profitability, and how to measure your pipeline.

CPA 52

CPA 52

Withum

DECEMBER 5, 2023

Accounting Standards Update 2021-07 Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards was issued to address concerns raised by stakeholders about the cost and complexity of determining the fair value of equity classified share awards for private companies. The guidance provides nonpublic entities with a practical expedient alternative to use a reasonable application of a reasonable valuation method as the current share price input when determining the

audit 52

audit financial statements auditor accounting standards 52

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Mark Lee

DECEMBER 5, 2023

Despite the title of this post I should first stress that it is rarely a good idea to come across as a salesperson when you are trying to promote your services. The best accountants know that they must first build rapport and confidence so that prospects like and trust them. Many a business coach or management consultant will use a structured approach to win clients who are already working with accountants.

Sales 52

Sales Account accountant accounted 52

Accounting Today

DECEMBER 5, 2023

Abandoning crypto; Moore; why the deficit balloons; and other highlights from our favorite tax bloggers.

Tax 51

Tax tax preparation payroll Sales 51

ThomsonReuters

DECEMBER 5, 2023

As the end of the calendar year approaches, businesses embark on the crucial task of finalizing their payroll processes. Year-end payroll is not merely about closing the books but a comprehensive undertaking that requires meticulous attention to detail, adherence to legal requirements, and seamless coordination among various departments.  When it comes to successfully navigating the various tasks, processes, and responsibilities of payroll year-end, Tom Rose, Senior Vice President, Customer S

payroll 98

payroll Tax tax return Start-ups 98

Withum

DECEMBER 5, 2023

Microsoft announced some big changes coming to the Microsoft Planner App, which includes using Planner as the name for three existing Microsoft task management apps: To Do Planner Microsoft Project on the Web The new Planner will provide a single app that displays tasks from the three apps mentioned above. At least for now, you can continue to access each app through their current dedicated apps and through the browser.

Technology 98

Technology 98

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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